Smith Corporation has a $6,000 favorable flexible budget variance for January. Which of the following statements is true, if January's flexible budget net operating income was $100,000?
A) Smith's static budget must have showed a net operating income of $106,000.
B) Smith's static budget must have showed a net operating income of $94,000.
C) Smith's actual net operating income must have been $106,000.
D) Smith's actual net operating income must have been $94,000.
C
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The zone of defection describes the area of ________.
A. slightly satisfied customers B. very satisfied customers C. extremely dissatisfied customers D. loyal customers E. apostles
During the hot summer months, the Nick Price Golf School offers a 25 percent reduction on its golf lessons to attract golfers during the off-season. Which of the following is exemplified in this scenario?
a. The power of yield management systems b. The advantage of markup pricing c. The relationship between price and quality d. The use of price as a promotional tool
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Indicate whether the statement is true or false
U.S. trade policy focuses on ____________________.
A. capital mobility across countries B. labor mobility across countries C. tariff reductions D. job mobility across countries